📊 BRN Key Takeaways
Investment Thesis
Barnwell Industries is a fundamentally distressed business with severe operational challenges, including negative net margins of -51.9%, persistent operating losses, and negative free cash flow of -787K despite minimal capital expenditure. The company's revenue base of only 2.7M with negligible growth and deteriorating profitability trends indicate a company struggling with core business viability in the oil and gas sector.
BRN Strengths
- Zero long-term debt provides financial flexibility with no debt servicing obligations
- Adequate liquidity with current ratio of 1.46x and cash position of 3.6M (16.7% of total assets)
- Strong interest coverage ratio of 9.7x eliminates near-term solvency risk
BRN Risks
- Severe profitability crisis with -51.9% net margin and -17.5% ROE indicating value destruction
- Negative free cash flow of -787K despite minimal capex suggests operational cash burn and unsustainable business model
- Microscopic revenue base of 2.7M with only 0.4% growth shows minimal business traction and market relevance
- Deteriorating EPS (-26.8% YoY decline) despite reported slight net income improvement indicates severe shareholder value erosion
Key Metrics to Watch
- Operating cash flow trend - must turn positive to demonstrate business viability
- Revenue growth acceleration - current 0.4% growth is insufficient for a 2.7M base company
- Path to operating profitability - with only 68K operating income on 2.7M revenue, margins must substantially improve
- Cash burn rate - at current trajectory, ability to maintain operations is questionable
BRN Financial Metrics
💡 AI Analyst Insight
BARNWELL INDUSTRIES INC presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
BRN Profitability Ratios
BRN vs Energy Sector
How BARNWELL INDUSTRIES INC compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BRN Balance Sheet & Liquidity
BRN 5-Year Financial Trend
5-Year Trend Summary: BARNWELL INDUSTRIES INC's revenue has remained relatively flat over the 5-year period, with a 2% decline. The most recent EPS of $-0.56 indicates the company is currently unprofitable.
BRN Growth Metrics (YoY)
BRN Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $2.7M | -$1.4M | $-0.13 |
| Q3 2025 | $3.2M | -$1.2M | $-0.12 |
| Q2 2025 | $3.6M | -$1.2M | $-0.12 |
| Q1 2025 | $4.5M | -$664.0K | $-0.07 |
| Q3 2024 | $5.5M | -$717.0K | $-0.07 |
| Q2 2024 | $5.2M | -$148.0K | $-0.01 |
| Q1 2024 | $6.1M | -$664.0K | $-0.07 |
| Q3 2023 | $5.7M | -$717.0K | $-0.07 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BRN Capital Allocation
BRN SEC Filings
Access official SEC EDGAR filings for BARNWELL INDUSTRIES INC (CIK: 0000010048)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BRN
What is the AI rating for BRN?
BARNWELL INDUSTRIES INC (BRN) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BRN's key strengths?
Zero long-term debt provides financial flexibility with no debt servicing obligations. Adequate liquidity with current ratio of 1.46x and cash position of 3.6M (16.7% of total assets).
What are the risks of investing in BRN?
Severe profitability crisis with -51.9% net margin and -17.5% ROE indicating value destruction. Negative free cash flow of -787K despite minimal capex suggests operational cash burn and unsustainable business model.
What is BRN's revenue and growth?
BARNWELL INDUSTRIES INC reported revenue of $2.7M.
Does BRN pay dividends?
BARNWELL INDUSTRIES INC does not currently pay dividends.
Where can I find BRN SEC filings?
Official SEC filings for BARNWELL INDUSTRIES INC (CIK: 0000010048) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BRN's EPS?
BARNWELL INDUSTRIES INC has a diluted EPS of $-0.13.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.